How Russia Mismanaged the Financial Crisis

In an opinion editorial in The Moscow Times Anders Aslund, a senior fellow at the Peterson Institute for International Economics in Washington, gives his assessment of how Russia mismanaged the financial crisis. The article notes that admittedly, Russia's economic growth looks good in comparison with that of the neighboring eurozone, and its macroeconomic policy remains stellar. But with a deteriorating economic structure and reforms kept to a minimum, economic growth is not likely to rise but to gradually decline, even if oil prices stay as high as at present.

Wednesday, February 27, 2013